Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 15:       Earnings Per Share

Earnings per share (EPS) were computed as follows:

	Year Ended December 31, 2015
			Weighted-
	Net		Average		Per Share
	Income		Shares		Amount
	(In thousands)
Net income	$	3,224
Dividends on non-vested restricted stock		(67)
Net income allocated to stockholders		3,157
Basic earnings per share
Income available to common stockholders		––		4,856,735	$	0.65
Effect of dilutive securities
Restricted stock awards		––		76,421
Diluted earnings per share
Income available to common stockholders and assumed conversions	$	3,157		4,933,156	$	0.64

	Year Ended December 31, 2014
			Weighted-
	Net		Average		Per Share
	Income		Shares		Amount
	(In thousands)
Net income	$	2,651
Dividends on non-vested restricted stock		(55)
Net income allocated to stockholders		2,596
Basic earnings per share
Income available to common stockholders		––		4,846,219	$	0.54
Effect of dilutive securities
Restricted stock awards		––		78,026
Diluted earnings per share
Income available to common stockholders and assumed conversions	$	2,596		4,924,245	$	0.53

Options to purchase 53,714 shares of common stock at an average exercise price of $10.34 per share were outstanding at December 31, 2014, but were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares.